{"id":326072,"date":"2026-10-26T10:31:30","date_gmt":"2026-10-26T05:01:30","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=326072"},"modified":"2026-10-26T10:31:30","modified_gmt":"2026-10-26T05:01:30","slug":"best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/","title":{"rendered":"Best Auto Stocks to Buy Ahead of Diwali 2026: Nuvama Bets Big on Eicher Motors, Hyundai Motor India and Tata Motors Passenger Vehicles"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Best auto stocks ahead of Diwali 2026, according to a Nuvama note reported by the media, are Eicher Motors, Hyundai Motor India and Tata Motors Passenger Vehicles (TMPV). At about 10:06 AM on 26 Oct 2026, Eicher traded at Rs 7,080, Hyundai at Rs 1,860.20 and TMPV at Rs 263.55. This article adds valuation and technical data so you can test the call yourself.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Best auto stocks ahead of Diwali 2026 are Eicher Motors, Hyundai Motor India and Tata Motors Passenger Vehicles, according to the Nuvama headline, which also expects growth to moderate in the second half of FY27. Early festive registrations are mixed, with commercial vehicles and two-wheelers rising and passenger vehicles falling. Eicher trades at a trailing price to earnings of 33.53 and Hyundai at 30.36, and both Hyundai and TMPV have daily RSI readings near 28. I could not retrieve the Nuvama note itself, so this article does not quote its targets.<\/p>\n<\/p><\/div>\n<p>The best auto stocks list matters because Diwali is the strongest buying season for vehicles in India. Dealers stock up before Navratri, and the weeks around Diwali decide how much of the demand turns into registrations.<\/p>\n<p>This guide to the best auto stocks gives the prices, the valuation, the technical readings and the festive demand picture for each name. It is educational and not a recommendation to buy or sell.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#Best_Auto_Stocks_The_Nuvama_Shortlist_at_a_Glance\" title=\"Best Auto Stocks: The Nuvama Shortlist at a Glance\">Best Auto Stocks: The Nuvama Shortlist at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#Eicher_Motors_The_Premium_Two-Wheeler_Pick_Among_the_Best_Auto_Stocks\" title=\"Eicher Motors: The Premium Two-Wheeler Pick Among the Best Auto Stocks\">Eicher Motors: The Premium Two-Wheeler Pick Among the Best Auto Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#Hyundai_Motor_India_and_TMPV_Oversold_Names_Among_the_Best_Auto_Stocks\" title=\"Hyundai Motor India and TMPV: Oversold Names Among the Best Auto Stocks\">Hyundai Motor India and TMPV: Oversold Names Among the Best Auto Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#Festive_Demand_Signals_for_the_Best_Auto_Stocks\" title=\"Festive Demand Signals for the Best Auto Stocks\">Festive Demand Signals for the Best Auto Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#Eicher_Motors_Share_Price_Levels_and_Context_for_the_Best_Auto_Stocks\" title=\"Eicher Motors Share Price: Levels and Context for the Best Auto Stocks\">Eicher Motors Share Price: Levels and Context for the Best Auto Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#Diwali_Demand_Calendar_and_the_Best_Auto_Stocks\" title=\"Diwali Demand Calendar and the Best Auto Stocks\">Diwali Demand Calendar and the Best Auto Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#What_to_Check_Before_Acting_on_the_Best_Auto_Stocks\" title=\"What to Check Before Acting on the Best Auto Stocks\">What to Check Before Acting on the Best Auto Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#Which_are_the_best_auto_stocks_ahead_of_Diwali_2026\" title=\"Which are the best auto stocks ahead of Diwali 2026?\">Which are the best auto stocks ahead of Diwali 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#Is_festive_demand_strong_this_year\" title=\"Is festive demand strong this year?\">Is festive demand strong this year?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#What_is_the_valuation_of_Eicher_Motors_and_Hyundai_Motor_India\" title=\"What is the valuation of Eicher Motors and Hyundai Motor India?\">What is the valuation of Eicher Motors and Hyundai Motor India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#Are_Hyundai_and_TMPV_oversold\" title=\"Are Hyundai and TMPV oversold?\">Are Hyundai and TMPV oversold?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#How_did_Tata_Motors_commercial_vehicle_business_do_in_Q2\" title=\"How did Tata Motors&#8217; commercial vehicle business do in Q2?\">How did Tata Motors&#8217; commercial vehicle business do in Q2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#Why_are_auto_stocks_sensitive_to_oil_prices\" title=\"Why are auto stocks sensitive to oil prices?\">Why are auto stocks sensitive to oil prices?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#Is_this_best_auto_stocks_article_investment_advice\" title=\"Is this best auto stocks article investment advice?\">Is this best auto stocks article investment advice?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/best-auto-stocks-to-buy-ahead-of-diwali-2026-nuvama-bets-on-eicher-motors-hyundai-motor-india-and-tata-motors-passenger-vehicles\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Best_Auto_Stocks_The_Nuvama_Shortlist_at_a_Glance\"><\/span><strong>Best Auto Stocks: The Nuvama Shortlist at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Best auto stocks: measure (about 10:06 AM)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Eicher Motors<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Hyundai Motor India<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Tata Motors PV (TMPV)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 7,080.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,860.20<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 263.55<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day move<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 0.20%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 0.55%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 0.40%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 1,93,538 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 1,50,320 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not shown (see note)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to earnings (trailing)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">33.53<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">30.36<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not shown (see note)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">21.97%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">27.14%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not shown (see note)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.16%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.14%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not shown (see note)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Core business<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Royal Enfield motorcycles<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Passenger cars and SUVs<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Passenger cars and SUVs<\/td>\n<\/tr>\n<\/table>\n<p>The fundamentals are data provider figures on trailing numbers. For TMPV I have left the valuation fields blank because the data provider still shows legacy Tata Motors figures that do not match the demerged passenger vehicle business. That gap is a reminder to check the company&#8217;s own filings for TMPV before you compare it with the other two of the best auto stocks.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Compare the best auto stocks on the Univest screeners page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Eicher_Motors_The_Premium_Two-Wheeler_Pick_Among_the_Best_Auto_Stocks\"><\/span><strong>Eicher Motors: The Premium Two-Wheeler Pick Among the Best Auto Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Best auto stocks: Eicher item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to earnings<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">33.53<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">21.97%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14-day RSI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 52.4, a neutral zone<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">50-day average<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 7,369, above the price<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SuperTrend<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy signal; support near Rs 6,896<\/td>\n<\/tr>\n<\/table>\n<p>Eicher is the only one of the best auto stocks here whose daily trend indicator is still positive. Its RSI of about 52 is neither oversold nor overbought, and its price is about 3.9% below the 50-day average (my calculation). The trailing price to earnings of 33.53 is the highest of the three, so the market already pays for Royal Enfield&#8217;s premium positioning, and the stock depends on festive two-wheeler demand holding up.<\/p>\n<p>Early festive data is supportive for two-wheelers, which are reported to be rising. That helps Eicher more than the passenger vehicle names, although I do not have a brand-level registration figure for Royal Enfield.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hyundai_Motor_India_and_TMPV_Oversold_Names_Among_the_Best_Auto_Stocks\"><\/span><strong>Hyundai Motor India and TMPV: Oversold Names Among the Best Auto Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Best auto stocks: item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Hyundai Motor India<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Tata Motors PV (TMPV)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,860.20<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 263.55<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14-day RSI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 27.7, oversold zone<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 28.2, oversold zone<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">50-day average<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2,037<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 297.60<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price vs 50-day average (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 8.7% below<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 11.4% below<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SuperTrend<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sell signal; upper band near Rs 2,001.60<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sell signal; upper band near Rs 283<\/td>\n<\/tr>\n<\/table>\n<p>Both stocks show daily RSI readings in the high 20s, which means they have fallen quickly and sit in a technically oversold zone. That does not mean they will rebound, because both trade below their SuperTrend upper bands and the trend is still down. For the best auto stocks to qualify as a Diwali play, passenger vehicle registrations would need to turn, and early festive data shows passenger vehicles falling.<\/p>\n<p>Hyundai&#8217;s return on equity of 27.14% is the strongest of the three, and its trailing dividend yield is 1.14%. A high return on equity with a stock 8.7% under its 50-day average is why the call looks interesting, but the passenger vehicle slowdown is the risk.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the best auto stocks and set price alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Festive_Demand_Signals_for_the_Best_Auto_Stocks\"><\/span><strong>Festive Demand Signals for the Best Auto Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Best auto stocks: segment<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Early festive signal<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Who is exposed<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Two-wheelers<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Registrations rising<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Eicher Motors<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Commercial vehicles<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Registrations rising<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tata Motors CV (TMCV)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Passenger vehicles<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Registrations falling<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hyundai, TMPV<\/td>\n<\/tr>\n<\/table>\n<p>The mixed signal is why Nuvama&#8217;s expectation of moderating growth in the second half of FY27 matters for the best auto stocks. Tata Motors&#8217; commercial vehicle business reported a Q2 profit of Rs 1,257 crore against a loss of Rs 867 crore a year ago, and its stock traded near Rs 396.15 around 10:16 AM, up 0.04%. That result shows that freight demand is healthier than passenger car demand, although it is a different company from the passenger vehicle business.<\/p>\n<p>Auto stocks also move with fuel prices, interest rates and commodity costs. With Brent crude near $115 and the Fed meeting on 27 and 28 Oct, the best auto stocks face both cost and demand pressure, and the Nifty fell 2.36% last week.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Eicher_Motors_Share_Price_Levels_and_Context_for_the_Best_Auto_Stocks\"><\/span><strong>Eicher Motors Share Price: Levels and Context for the Best Auto Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Eicher Motors share price of Rs 7,080 sits between two reference levels, the 50-day average near Rs 7,369 above and the SuperTrend support near Rs 6,896 below. A move above the average would improve the Eicher Motors share price outlook in technical terms, while a close below support would break the uptrend. The company&#8217;s market capitalisation is about Rs 1,93,538 crore, which makes it the largest of the three by value.<\/p>\n<p>Among the best auto stocks, Eicher is the most defensive in technical terms, because it is the only one that is not in a SuperTrend downtrend. The Eicher Motors share price is about 2.6% above its support (my calculation), which is a narrow cushion. By contrast, Hyundai needs to rise about 7.6% to reach its SuperTrend upper band and TMPV needs about 7.4% (my calculation), so the two oversold names have more ground to cover before the trend turns. The Eicher Motors share price also carries a trailing dividend yield of 1.16%. These distances are indicator readings and not forecasts, and they will move with each session. Data provider figures are intraday readings, so refresh the levels before using them.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Diwali_Demand_Calendar_and_the_Best_Auto_Stocks\"><\/span><strong>Diwali Demand Calendar and the Best Auto Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The best auto stocks respond to sales data that arrives in stages. Dealers report retail registrations through the festive weeks, manufacturers publish dispatch figures at the start of the next month, and company results in the following weeks show the margin effect. Investors who follow the best auto stocks therefore watch three data points: weekly registrations, monthly dispatches and quarterly margins.<\/p>\n<p>A second point is the base effect. If last year&#8217;s festive season was strong, this year&#8217;s growth looks smaller even when volumes are healthy, and Nuvama&#8217;s expectation of moderating growth in the second half of FY27 may reflect that. I do not have the year-ago registration comparison, so I have not quantified it.<\/p>\n<p>Hyundai Motor India and Tata Motors Passenger Vehicles also compete in sport utility vehicles, so a gain in market share for one can come at the cost of the other. The best auto stocks list includes both, which means an investor holding both is exposed to the same passenger vehicle slowdown. Diversifying across two-wheelers, passenger vehicles and commercial vehicles spreads that risk.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Check_Before_Acting_on_the_Best_Auto_Stocks\"><\/span><strong>What to Check Before Acting on the Best Auto Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Read the original note.<\/strong> The Nuvama targets are not repeated here because I could not retrieve them.<\/li>\n<li><strong>Check registrations.<\/strong> Weekly data on passenger vehicles will decide Hyundai and TMPV.<\/li>\n<li><strong>Respect the trend.<\/strong> Two of the three trade under SuperTrend resistance.<\/li>\n<li><strong>Compare valuation.<\/strong> Eicher and Hyundai trade at 33.53 and 30.36 times trailing earnings.<\/li>\n<li><strong>Watch results.<\/strong> Ather Energy reports today and larger auto names report in the coming days.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The best auto stocks named by Nuvama for Diwali 2026 are Eicher Motors, Hyundai Motor India and Tata Motors Passenger Vehicles, but festive demand is mixed and two of the three are in oversold downtrends. Use the prices, valuation and levels above, read the original note and decide according to your own risk profile.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_auto_stocks_ahead_of_Diwali_2026\"><\/span><strong>Which are the best auto stocks ahead of Diwali 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> According to a Nuvama note reported in the media, the best auto stocks ahead of Diwali 2026 are Eicher Motors, Hyundai Motor India and Tata Motors Passenger Vehicles. I could not retrieve the note, so please check the original report for targets and reasoning.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_festive_demand_strong_this_year\"><\/span><strong>Is festive demand strong this year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Early festive registrations are mixed. Commercial vehicles and two-wheelers are reported to be rising, while passenger vehicles are falling, and Nuvama expects growth to moderate in the second half of FY27. Final festive data will be clearer after Diwali.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_valuation_of_Eicher_Motors_and_Hyundai_Motor_India\"><\/span><strong>What is the valuation of Eicher Motors and Hyundai Motor India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data provider shows Eicher at a trailing price to earnings of 33.53 with a return on equity of 21.97%, and Hyundai at 30.36 with a return on equity of 27.14%. Dividend yields are 1.16% and 1.14% respectively. These are trailing figures and will change with fresh results.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_Hyundai_and_TMPV_oversold\"><\/span><strong>Are Hyundai and TMPV oversold?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Both have 14-day RSI readings near 28 on the data provider&#8217;s daily indicators, which is in the oversold zone. Both also trade below their SuperTrend upper bands, so the trend is still down. An oversold reading does not mean a rebound is certain.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Tata_Motors_commercial_vehicle_business_do_in_Q2\"><\/span><strong>How did Tata Motors&#8217; commercial vehicle business do in Q2?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tata Motors CV reported a Q2 profit of Rs 1,257 crore against a loss of Rs 867 crore a year earlier. The stock traded near Rs 396.15 around 10:16 AM. It is separate from the passenger vehicle business, TMPV.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_are_auto_stocks_sensitive_to_oil_prices\"><\/span><strong>Why are auto stocks sensitive to oil prices?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Higher fuel prices raise running costs for vehicle owners and can dent demand, and higher commodity costs squeeze margins. With Brent crude near $115, auto stocks face both pressures, along with interest rate expectations ahead of the Fed meeting.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_best_auto_stocks_article_investment_advice\"><\/span><strong>Is this best auto stocks article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article on the best auto stocks is educational. The figures come from news reports and data providers and may change. Please check the facts and your own risk profile before you invest.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best auto stocks ahead of Diwali 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"According to a Nuvama note reported in the media, the best auto stocks ahead of Diwali 2026 are Eicher Motors, Hyundai Motor India and Tata Motors Passenger Vehicles. I could not retrieve the note, so please check the original report for targets and reasoning.\"}},{\"@type\":\"Question\",\"name\":\"Is festive demand strong this year?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Early festive registrations are mixed. Commercial vehicles and two-wheelers are reported to be rising, while passenger vehicles are falling, and Nuvama expects growth to moderate in the second half of FY27. Final festive data will be clearer after Diwali.\"}},{\"@type\":\"Question\",\"name\":\"What is the valuation of Eicher Motors and Hyundai Motor India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The data provider shows Eicher at a trailing price to earnings of 33.53 with a return on equity of 21.97%, and Hyundai at 30.36 with a return on equity of 27.14%. Dividend yields are 1.16% and 1.14% respectively. These are trailing figures and will change with fresh results.\"}},{\"@type\":\"Question\",\"name\":\"Are Hyundai and TMPV oversold?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Both have 14-day RSI readings near 28 on the data provider's daily indicators, which is in the oversold zone. Both also trade below their SuperTrend upper bands, so the trend is still down. 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With Brent crude near $115, auto stocks face both pressures, along with interest rate expectations ahead of the Fed meeting.\"}},{\"@type\":\"Question\",\"name\":\"Is this best auto stocks article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article on the best auto stocks is educational. The figures come from news reports and data providers and may change. Please check the facts and your own risk profile before you invest.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Best auto stocks ahead of Diwali 2026: Nuvama favours Eicher Motors, Hyundai and Tata Motors PV. See prices, valuation, RSI and SuperTrend levels, and festive demand signals.<\/p>\n","protected":false},"author":29,"featured_media":326069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[5606,15655,15654,383,8167,8616,15656,15658,15657,9807],"class_list":["post-326072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-auto-sector","tag-auto-stocks-diwali-2026","tag-best-auto-stocks","tag-eicher-motors-share-price","tag-festive-demand","tag-hyundai-motor-india","tag-nuvama-auto-stocks","tag-royal-enfield","tag-tata-motors-passenger-vehicles","tag-tmpv"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["326069"],"rank_math_title":["Best Auto Stocks Ahead of Diwali 2026: Eicher, Hyundai, TMPV"],"rank_math_description":["Best auto stocks ahead of Diwali 2026: Nuvama favours Eicher, Hyundai and Tata Motors PV. 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